790 Marconi Blvd Copiague, NY 11726

Property Details for 790 Marconi Blvd

Lot size

0.40 lot acres

Property size

7,680 SF

Zone code

DC

Property type

Manufacturing properties

APN

0100-197.00-02.00-004.001

APU

100197000200004001

Description

This exceptional 8,115 square foot industrial property, located at 790 Marconi Boulevard in Copiague, New York, presents a compelling investment opportunity. The property consists of three units situated on a 0.4-acre lot, offering significant potential for income generation. Currently, two of the three units are leased under a modified lease agreement, providing immediate cash flow. The asking price is $2,200,000, translating to a compelling $271.10 per square foot. The property boasts a current cap rate of 5.00%, with a pro-forma cap rate of 5.56% and a pro-forma net operating income (NOI) of $122,400. The property is zoned for industrial use and features a fenced side yard. Each unit is valued at approximately $733,333.33. The property's strategic location adjacent to the Copiague Long Island Rail Road (LIRR) station provides excellent accessibility and enhances its overall appeal. The property can be delivered vacant, offering flexibility for future tenants or repositioning strategies. This multi-tenant automotive facility represents a rare opportunity to acquire a well-located, income-producing asset in a thriving market. The property's strong financials, combined with its convenient location and potential for future growth, make it an ideal investment for discerning buyers seeking a high-return opportunity in the Long Island industrial market. The property is located in Suffolk County, New York, with a zip code of 11726.

Location Insight

City

Copiague

County

Suffolk

State

New York

Longitude

-73.3981

Latitude

40.6813

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments